Wednesday 24 January 2018

Nicholas Leonard: Cameron faces battle with Eurosceptic MPs

Nicholas Leonard

British Prime Minister David Cameron is heading for a furious confrontation with his rebellious backbench MPs this afternoon when he goes to the Commons to report on the eurozone crisis.

Eurosceptic Conservatives were hoping to team up with the Labour Party to block any move to give the International Monetary Fund more cash as an indirect way of bailing out Greece and Italy.

But the chief secretary to the Treasury, Danny Alexander, shocked many MPs yesterday when he revealed that the UK can step up its backing for the IMF from the current figure of €8bn to as much as €40bn without the need for any approval by the Commons. That's because the government narrowly won a key vote in July to increase its support for the IMF.

Please sign in or register with for free access to Opinions.

Sign In

Promoted Links

Today's news headlines, directly to your inbox every morning.

Don't Miss